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KYC firm 4Stop raises $2.5m for fight against fraud

4Stop, a know-your-business (KYB) and know-your-customer (KYC), compliance and fraud prevention provider, has completed a $2.5 million Series A round investment from Ventech.

Ingo Ernst, CEO of 4Stop states: “We are very excited to take this opportunity to expand our business, team and our KYB, KYC and anti-fraud technology solutions. Allowing us to further facilitate modern, leading-edge risk-based management, from a single API solution.”

According to the firm, the global growth of online transactional engagement paired with its increasing fraud rates, identity thefts and continuous evolution of regulation makes it imperative for businesses operating online to ensure they implement a solution for compliance and fraud defence.

The firm says it aims to help businesses manage their anti-fraud processes and eliminates the need to integrate multiple third-party KYC data sources.

“We provide businesses with near real-time KYB, thousands of global data points, hundreds of KYC data sources and leading-edge, smart anti-fraud technology, all from a single API integration. Ensuring the most efficient, optimal data experience and futureproofed risk management processes are obtained,” states Ernst.

4Stop has already been implemented by global payment and crypto leaders including Mifinity, Paymentz, Paysend, Gatehub and Draglet.

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